Mike Daldalyan Acquires Office Building In San Fernando Valley For $3.6M With Brokers Jay Martinez & Mike Criswell - Hudson Partners Inc. And Elizabeth Clark - Compass Commercial
16946 Sherman Way, Van Nuys, CA 91406, USA
$3,600,000
$353/SF
Building Size
10,176 SF
Asset Type
Office
Closing
Aug 6, 2020
AI
An office property located at 16946 Sherman Way in San Fernando Valley has been sold for $3,600,000. The property spans a total area of 10,176 square feet, resulting in a price per square foot of $353. The sale took place on 08/06/2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,600,000
- Address: 16946 Sherman Way
- Market: San Fernando Valley
- Square Footage: 10,176
Mike Daldalyan acquired the property from Neil Gitnick. The deal was facilitated by Jay Martinez and Mike Criswell from Hudson Partners Inc., along with Elizabeth Clark from Compass Commercial.
Players
Van Nuys Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93